Bitmine Immersion made waves last week with a massive ETH accumulation. The mining operation scooped up 96,798 ETH—translating to roughly $272.3 million at purchase prices. This kind of institutional buying pressure doesn't happen in a vacuum. When miners who typically sell to cover operational costs start hoarding instead, it often signals confidence in Ethereum's near-term trajectory. Worth watching how this position plays out as network activity picks up and the broader market digests recent regulatory shifts.